China's July exports tumble by double digits, adding to pressure to shore up flagging economy

Chinatopix

China's exports plunged by 14.5% in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump.

Exports fell to $281.8 billion as the decline widened from June’s 12.4% fall, customs data showed Tuesday. Imports tumbled 12.4% from a year earlier to $201.2 billion in a sign of weak domestic demand, widening from the previous month’s 6.8% contraction.